Manufacturers

Trucking industry upswing may draw investors to Allison IPO

April 2, 2011
Kathleen McLaughlin
Allison Transmission is not a household name like Google or General Motors, but it won’t lack an audience for its planned $750 million initial public offering.
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Second whistleblower joins suit against Rolls-Royce

March 31, 2011
Associated Press
A second person has joined a lawsuit alleging Rolls-Royce Corp. concealed repeated defects at an Indianapolis aircraft engine plant and fired workers for reporting problems.
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Remy International files plans for public offering

March 28, 2011
Associated Press
Pendleton-based manufacturer Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, has filed plans to raise up to $100 million through an initial public stock offering.
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As Japan shutdowns drag on, auto crisis worsens

March 27, 2011
Associated Press
In the weeks ahead, car buyers will have difficulty finding the model they want in certain colors, thousands of auto plant workers will likely be told to stay home, and companies such as Toyota, Honda and others will lose billions of dollars in revenue.
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High-end home audio gear will be made in IndianaRestricted Content

March 26, 2011
Kathleen McLaughlin
A team of former Klipsch Group engineers has spent the two years trying to infuse high-end home audio equipment with the all-in-one sophistication of a smartphone.
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Sluggish demand for electric car forces layoffs at Ener1

March 25, 2011
Kathleen McLaughlin
Battery maker Ener1 has laid off about 3 percent of its 770 employees worldwide, partly because of lower-than-expected demand from the Think electric car being assembled in Elkhart. It had about 380 workers in central Indiana.
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Pentagon issues 90-day stop-work order on GE-Rolls engine

March 24, 2011
Bloomberg News
The U.S. Defense Department on Thursday directed General Electric Co. and Rolls-Royce Group Plc to halt work on a second engine for the F-35 Joint Strike Fighter until there is more explicit direction in the fiscal 2012 budget.
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Allison Transmission files for $750M IPO

March 20, 2011
Kathleen McLaughlin
Allison Transmission Inc. is counting on upgrades to truck and bus fleets in countries like China and India for its future growth, the company revealed in a filing it made Friday to raise up to $750 million through an initial public offering.
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Plastics specialist Genesis plays to eco-conscious marketRestricted Content

March 19, 2011
Fortville manufacturer plans $3.3 million expansion
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Wabash National adding 200 jobs at Indiana plant

March 18, 2011
Associated Press
Trailer manufacturer Wabash National Corp. is adding 200 new jobs at its north-central Indiana plant to support a new contract to build bulk storage fluid tankers for another Indiana company.
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Economist: U.S. recovery ‘turning a corner’

March 16, 2011
Kathleen McLaughlin
Manufacturing growth will continue to lead an economic recovery in the United States, predicted PNC Financial Services Group senior economist Robert Dye, in town Wednesday to deliver his forecast at Meridian Hills Country Club.
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Forklift accident kills worker at Indianapolis plant

March 16, 2011
Associated Press
Indianapolis fire officials say a forklift operator was killed at Royal Food Products Inc. when a floor collapsed beneath the machine at the food manufacturing plant.
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Subaru, Toyota curb output at Indiana plants

March 15, 2011
Associated Press
Two Japanese automakers are scaling back production at North American plants as they assess their ability to get parts from Japan after that country's devastating earthquake and tsunami.
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Rolls-Royce moving 2,500 workers downtown

March 15, 2011
Scott Olson
The British-based company will move the office workers later this year to a downtown Indianapolis office building on South Meridian Street formerly occupied by Eli Lilly and Co.
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Hurco turns first quarterly profit in two years

March 10, 2011
The Indianapolis-based machine tool maker reported profit of $1.5 million on revenue of $39.7 million in its fiscal first quarter.
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Northstar Aerospace closing Anderson plant; 48 jobs lost

March 9, 2011
Workers will be let go in three stages beginning May 1, and the plant is expected to permanently close by June 24.
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Renewable energy 'coordinator' eyes GM plant

March 8, 2011
Kathleen McLaughlin
D'Arcinoff Group, which calls itself a manufacturing coordinator, has its eye on the soon-to-close General Motors stamping plant west of downtown Indianapolis.
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Partnership aims to help Midwest manufacturers

March 2, 2011
Associated Press
The Obama administration is creating a $4.5 million partnership between the private sector and government to help Midwest manufacturers access high-tech computing to speed up design cycles for future products.
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Plastics firm plans expansion, 54 new jobs

March 2, 2011
 IBJ Staff
Fortville-based Genesis Plastics Welding plans to invest over $3.3 million to expand its existing production facility east of Indianapolis, adding as many as 54 new employees by 2014.
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City seeks replacement for GM plant

February 24, 2011
Francesca Jarosz
Indianapolis will spend $115,000 on a study to explore redevelopment opportunities for the 102-acre GM Stamping Plant property west of downtown that will close this summer.
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Casket maker plans $16.5M investment, 300 jobs

February 23, 2011
Scott Olson
Indianapolis-based Genesis Casket Co., launched just last year, expects to produce 30,000 caskets in its first full year of operation. The company plans to fill the first 150 jobs by the time the plant opens this summer.
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Countertop maker to close Shelbyville plant

February 21, 2011
 IBJ Staff
Iowa-based VT Industries will close its countertop manufacturing plant in Shelbyville and move the work to a new facility in Maryland, the company said Friday.
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China company bringing 150 jobs to Lafayette

February 16, 2011
Nanshan America Co. will invest $98.5 million to construct a manufacturing facility and office building, with work slated to begin in the spring. The company will start hiring in the fall.
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UPDATE: House votes to kill pricey jet fighter engine

February 16, 2011
Associated Press
The decision on military budget cuts could have a big impact on the Indianapolis operations of Rolls-Royce Corp., the city’s second-largest manufacturer behind Eli Lilly and Co.
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Fourth-quarter earnings improve at Calumet

February 16, 2011
Kathleen McLaughlin
Calumet had profit of $9.5 million in the quarter ended Dec. 31, up from $8.2 million in the same quarter of 2009.
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